MR Volume POC Levels
The indicator was created for the "Masters of Risk" trading system.
- The settings are compared with volumes in NinjaTrader 8 terminal with CQG datafeed. The settings of EURUSD-6E, GBPUSD-6B, AUDUSD-6A and other currency pairs were compared.
- It shows the POC (Point of Control) volume levels for the selected period of time.
- Point of Control (POC) are not lines, they are zones.
- Which zones are relevant and which are not, is determined by the author's methodology.
- The indicator shows Breaking or Supporting the tendency of market movements.
- With the indicator, you can track the traces of major market players.
- In combination with "MR Reversal Patterns" and "MR Volume Boxes" indicators you can see where the players are locked in a range.